Audio – $20 billion and counting as India shops abroad

December 6, 2007
chanda-pic.jpgTata Steel’s $13 billion deal to buy Corus this year was the tip of India’s acquisition iceberg, says the top financier of India’s ICICI bank, the largest in the private sector. Chanda Kochhar, who is also the bank’s joint managing director, said at the Reuters India Investment Summit in Mumbai that cashed-up corporates will keep shopping abroad to access new markets or lock in raw materials — providing a nice pipeline of potential deals for a bank that had a piece in 88 percent of outbound investments this year.
To hear Kochhar’s comment, please click icici-bank-chanda-kochhar.mp3
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